Global S&T Development Trend Analysis Platform of Resources and Environment
China tightens grip on Ivanhoe’s massive congo copper project | |
admin | |
2019-10-08 | |
发布年 | 2019 |
语种 | 英语 |
国家 | 国际 |
领域 | 地球科学 |
正文(英文) | ![]() Initial production from the Kakula mine, the first of at least three copper mines planned at Kamoa-Kakula, is scheduled for late 2021. (Image courtesy of Ivanhoe Mines.)
Zijin, one of China’s largest mining groups, is increasing its stake in Canada’s Ivanhoe Mines (TSX:IVN) to 13.88% from 9.8% by acquiring 35.7 million shares from CITIC Metal and 12.9 million shares from founder Robert Friedland for about C$194 million ($146m). The move means that Friedland’s interest in the company has shrunk to 13.2%, leaving the two Chinese companies as main shareholders. Zijin, China’s No.1 gold producer and Ivanhoe’s partner in the massive Kamoa-Kakula copper deposit in the DRC, first acquired a stake in the Vancouver-based miner in 2015.
Citic Metal followed suit last year, becoming Ivanhoe’s largest shareholder. Its ownership will fall to 26.4% with today’s transaction. The combined funds from the two Chinese companies, the Vancouver-based miner said at the time, are enough to allow it finance Kakula and Kipushi mines to commercial production, and significantly advance, or achieve, production at the company’s Platreef project in South Africa. Friedland, who made his fortune from the Voisey’s Bay nickel project in Canada in the 1990s, has been working on Kamoa-Kakula for ten years. The mining legend has repeatedly stated that the project, in which Zijin owns a 36.9% direct interest, is set to become the world’s second-largest copper mine. According to an independent pre-feasibility study (PFS) released in February, the operation is expected to reach peak annual production of more than 700,000 tonnes of copper. Initial production from the Kakula mine, the first of at least three copper mines planned at Kamoa-Kakula, is scheduled for late 2021. ReshuffleIvanhoe also said on Tuesday that it had appointed Mark Farren as its Kamoa-Kakula Copper joint venture (JV) chief executive. Farren was previously Ivanhoe’s VP of operations. Zijin’s Yong Chen, in turn, will be assuming the chief operations officer (COO) position. South African mining veteran Warwick Morley-Jepson has been appointed Ivanhoe’s new COO, taking over the duties formerly held by Farren. |
URL | 查看原文 |
来源平台 | Minging.com |
文献类型 | 新闻 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/219481 |
专题 | 地球科学 |
推荐引用方式 GB/T 7714 | admin. China tightens grip on Ivanhoe’s massive congo copper project. 2019. |
条目包含的文件 | 条目无相关文件。 |
个性服务 |
推荐该条目 |
保存到收藏夹 |
查看访问统计 |
导出为Endnote文件 |
谷歌学术 |
谷歌学术中相似的文章 |
[admin]的文章 |
百度学术 |
百度学术中相似的文章 |
[admin]的文章 |
必应学术 |
必应学术中相似的文章 |
[admin]的文章 |
相关权益政策 |
暂无数据 |
收藏/分享 |
除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。
修改评论